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Mayor Gamec stated that the District Advisory representative has resigned <br />and is going to Dayton as C~umunity School Coordinator. <br /> <br />City Attorney Goodrich stated that Prestress Concrete has filed bankruptcy <br />which means that they are attempting to reorganize and pay their debts. <br />Ramsey issued an Industrial Revenue Bond in 1983 for Prestress. Mr. <br />Goodrich stated that Ramsey has been named as a defendant in U.S. <br />Bankruptcy Court; there will be no liaibility on Ramsey's part, however we <br />should still answer the lawsuit and state our position. <br /> <br />Motion by Mayor Gamec and seconded by Councilmember Sorteberg to authorize <br />City Attorney to take whatever legal action necessary to represent the <br />City of Ramsey with regard to Prestress Concrete's bankruptcy filing and <br />adversary proceedings. <br /> <br />Motion carried. Voting Yes: Mayor Gamec, Councilmember Sorteberg, <br />Schlueter and Van Wagner. Voting No: None. ~bsent: Councilmember <br />Reimann. <br /> <br />ADJOURNMENT <br /> <br />Motion by Councilmember Van Wagner and seconded by Councilmember Sorteberg <br />to adjourn this regular meeting of the Ramsey City Council. <br /> <br />Motion carried. Voting Yes: Mayor Gamec, Councilmembers Sorteberg, <br />Schlueter and Van Wagner. Voting No: None. Absent: Councilmember <br />Reimann. <br /> <br />The meeting adjourned at 9:57 p.m. <br />Respectfully submitted, <br /> <br />Sylvia Frolik <br />Council Secretary <br /> <br />Page 24 of 24 <br /> <br /> <br />